A company with a reverse split 50 to 1 and my Bank merged and reorganized into another Bank. I still receive a monthly dividend from the New bank. I received a 1099-B and a "Direct Registration Account Statement. I have not sold the stock.
You'll need to sign in or create an account to connect with an expert.
No, the merger of your bank is not a taxable event. You will not recognize a gain or loss on an investment until you sell it.
No, the merger of your bank is not a taxable event. You will not recognize a gain or loss on an investment until you sell it.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
donlstewart
New Member
gwendoran
New Member
RDpr
New Member
dward50
New Member
ejgarrone
New Member